the sanaya brothers who spend around half their lives living in the u.s. are believed to have carried out monday's twin explosions which killed three and wounded more than one hundred days later they were traced in a fierce manner and saw one brother dead and the other critically wounded he's now under armed guard at the center says it looks back at the week which kept boston in fear. mayhem took place here at an area still cordoned off at a sporting event that attracted tens of thousands of participants and thousands of spectators from all over the world two bombs went off just seconds apart from each other at the finishing line of the boston marathon the explosions were so strong that they sent debris flying onto rooftops ripping off people's lives leaving three people dead and over one hundred seventy five people injured despite all of the money the united states spends on security it was a surveillance camera of a department store that helped pinpoint the two brothers behind the tragedy several memorials like this one have been set up throughout the city of boston to remember

the victims of the three people who died include an eight year old boy two young women a twenty nine and twenty three year old over a dozen victims remained in critical condition for several days many of them needing follow up surgeries despite having between the two suspects lived in an apartment on the third floor of this building in cam bridge now they came to the united states the two brothers of chechen origin back in two thousand and two the younger brother joe hart became a naturalized citizen on september eleventh last year the older brother had a green card dreamt of joining the united states olympics boxing team to get a passport all of the people who knew them were shocked to find out that they're the suspects in the bombings but law enforcement officials are saying that they had indications from the russian government to look into the identity of the older brother to milan he did in fact bring him in for questioning back in two thousand and eleven to try to establish any possible links to extremists groups at this time they released the older brother and of course now following the days after the

bombings at the finishing line of the boston marathon law enforcement yet again tried to establish any possible links the brothers might have had with extremist groups after monday's bombings late on thursday afternoon the f.b.i. finally released photos of the two suspects the ended up coming out of their. fighting killing an mit officer hijacking a car releasing the person to whom that car belonged and got in a car chase with police the police officers said that the two brothers were throwing explosive devices out of their car and shooting over a dozen police officers were wounded as a result eventually the older brother twenty six year old to milan got out of the car to continue the shootout with the police officers the younger brother stayed in the car ended up running over his older brother getting away in the car which he eventually abandoned and was able to get away on foot in the meantime police officers captured to marilyn and took him to this hospital in boston suffering

multiple injuries this is where he died shortly after one thirty am on friday morning and then president of a manhunt for joe hart continued for over twenty hours involving thousands and thousands of federal and local law enforcement officers we're currently in watertown just several minutes outside of boston now law enforcement officials have established a perimeter in this area going from door to door trying to locate joe harz whereabouts where they ended up with finding him was just a block away from the area they were searching he was hiding out in one of the houses in this area in a dry docked boat a local neighbor in the person living in this area saw a blood trail and led police to the area where just car was hiding now a helicopter off the officials was also able using heat signature technology to locate joe hart hiding out in this boat even though he was covering himself up now

it's important to note that a two hour standoff and shootout between police and joe hart continued eventually we know that there was negotiating attempts because the officials were very interested in getting him alive eventually they were able to arrest him take him into custody following his arrest your heart was taken to. the same hospital where his brother died also suffering severe injuries he's undergoing medical treatment under heavy security and officials are saying that the legal proceedings against him will begin as soon as he's able to communicate after week filled with tragedy shock fear and a mass lockdown the city of boston has breathed out a sigh of relief but locals want to see justice and find out the motives behind the terror acts that made so many question the illusion of safety they have been living under mr r.t. massachusetts. suspect's family claims they'd been under arrest p.r. surveillance for the past five years and refused to believe the young men carried

out the atrocity to travel to the north caucasus where the brothers parents live to learn more about their background. that middle and sad naive and amateur boxer who dreamt of representing his adopted country the united states he claimed to have no american friends but married a local woman katherine and they shared a daughter by contrast his younger brother john had a period well adjusted popular in high school and even won a college scholarship yet sadly they were revealed as the main suspects in the boston marathon bombings their father was the first to step up to claim his two boys who are set up i'm confident of my children's innocence i'm not sure what how thought only god knows no one in the household any weapons i think my children may have been frightened their mothers to be duds shared her biggest suspicion telling r.c. that her family was under constant af b.

i survey lence raising the question why her sons were not stopped if they were supposedly planning terrorism in our house nobody talked about the caribbean my son printed on or got involved in the reagan years ago he was told by a b i like fly by he knew that they knew what my doing. what action what. we were going to how could it happen how could they were conjoined we. never ever heard this is not my two sons are in an ethnically chechen that sat night family first moved from kyrgyzstan to it republican russia's north caucasus this is the house where the brothers parents live but now there is no one here it's not a nice family i voicing any contact with the media neighbors here are in deep shock at the news in does believe that any of this happening to the saturn i family know

the brothers very well from the childhood we used to live in chechnya together i was the neighbor. then we moved here i know they couldn't have carried out the attack and they couldn't have been involved in it they spent most of their lives in the us studied the works that they didn't have any links with were hobbyists and other militants the youngest brother joe hart on his plate of the social network spent back to mansion at this school number one in the high school and none of those places where he used to study however here are very few people remember that saddam lives brothers. the family came to dug a stun in september two thousand and one with the boys from the old school then they apparently managed to get papers to leave duncan stone they left in less than a year they didn't spend a long time here and they didn't grow up. in search of a new line and new wimbish yes indeed after a decade in the u.s. the heart became an american citizen last year but in that time something or

someone made that saturn five brothers seemingly turn against the nation which gave them asylum and wish they'd spans the most significant part of their lives i do not question artsy reporting from russia's dagestan republic as we've been reporting russia apparently warned the f.b.i. that one of the suspects was following radical islam but u.s. investigators apparently saw nothing suspicious former u.s. federal agent coleen rowley explain to us why she thinks the case wasn't properly pursued. well there's this two up possible explanations here and maybe bolt one is there's this idea that when you're looking for a needle in the haystack the answer is to put more hay so they are collecting a lot of data lots of gate at massive data and innocent americans that's all part of this top secret america and actually it turns the ability you can call me in on the real critical pieces the other offer tensional explanation is that you know

that this idea terrorism is such a confusing concept because we have our terrorists and their terrorists it's that the definition is supposed to be acts of violence against civilians for political purposes but you see this over and over where there the you us considers that there are good rebels and good freedom fighters at the very least the separatists in other countries are not considered as terrorists and the lack of follow up that the f.b.i. has had is not unusual so the snow on the eleven america's key national security policy has been to target terrorists abroad i'm sure it was brought back or believes is for law and so the military to keep the country safe slow but home. since september eleventh the united states government has sent spent hundreds of billions of dollars for government security agencies right now i'm sure as happened after september eleventh private security companies are salivating over the new

contracts that are are soon to come of course there is a business there there's there's profits and even mega profits made by this kind of security apparatus there is no indication that such an attack was coming so is it possible by the by by using military methods and security methods alone to stop terrorist attacks to protect society i don't think so we can see though that the u.s. policy at home and abroad as well is almost exclusively based on. towards the security towards militarization towards the abrogation of civil rights and civil liberties which i think ultimately don't defend protect and make people more secure. the revelation that the boston bombing suspects are of chechen origins led to a quick shift in american attitudes towards the region and r.t. dot com a website we've got opinion on how the standard u.s. portrayal of chechen groups as freedom fighters changed overnight to depict the now

as ferocious militants. the boston marathon attacks one of the only trying to cost us this last week a powerful blast ripped through a small texas town on a wednesday after a fertilizer plant caught fire at least fourteen people lost their lives most of them emergency responders and almost two hundred were injured. well you know i think. that massive explosion which is believed to have been an accident flattened entire neighborhoods in the town of west leaving several schools and a nursing home in ruins a spokesman for the texas department of public safety was at the scene and described what he saw. i could tell you i was there i walked through the blast area i search some houses earlier tonight massive just like iraq just like the murray

building in oklahoma city same chrono exploded so you can imagine what kind of damage we're looking out there. disasters believed to be caused by ammonium nitrate a potentially explosive fertilizer stored at the plant in large quantities fears all the toxic leak and further blast led to a mass evacuation but now the people returning to their homes there remains a big question mark over how the plan slipped through the net of safety inspectors i spoke to dr jeffrey patterson from the school of medicine it was constant university who thinks federal regulations are protecting business interests at the cost of human life. there's been this montreaux that we have to deregulate we have to take away regulations so business can thrive and obviously we see examples like this or fukushima for example where when we do that we suffer the consequences in the end and so i think and we're seeing it with the environmental protection

agency today where they are promulgating new regulations if there is a mother to push a virtual bill that will allow all of the clean up to be in much more lax than it currently is and not force people to be moved out of the area because of radiation damage so there's this tremendous move. to to deregulate things to take away the powers of the e.p.a. and other regulatory agencies and i think that's a we're seeing now that that's a very dangerous precedent. and there's little time to celebrate for venezuela's new leader as he gets a rough ride from his rivals we'll talk about that soon the show in a couple of minutes when i come back plus two is right the police parade a highly palestinian teenager in front of an angry crowd saying they just wanted to calm the protesters down details about that after the break.

the international airport in the very heart of moscow. nicolas maduro is taken the reins of power at one of the world's most oil rich nations he was sworn in as venezuela's president on friday but it's been a rough start for the chosen successor of the late chavez as his narrow victory sparked post-election. violence that left seven people dead the government blames the opposition for instigating the clashes which erupted when thousands of supporters of materials main rival took to the streets they demanded a total recount the country's top electoral body flying league rate to a partial ordered but caution but the poll result was irreversible anyway dr william robinson a professor of sociology at california university told us the protest might be part of not going after the other to destabilize venezuela. this is not

a new tactic on the part of washington and an attack of the. not a new tactic on the part of the new the venezuelan opposition and generally the far right in latin america which aligns with washington the idea is you had an all out to start was in this civilization campaign this is simply another tactic within that campaign there's been diplomatic isolation economic sabotage our military activity the attempted coup d'etat in two thousand and two massive us financing for the internal opposition including for properties and for the organizations that he represents and so we see this very often when there's all the action which is very close and when the united states wants to get rid of a government in this case from the little government around an election it will launch violence and trying create chaos and instability and the united states will not recognize the result and this is the at least of this is an incredible the focus on the part of u.s. foreign policy because mexico just had elections in which there was massive force because mexico is a close ally of the united states it's the u.s.

immediately like recognizes the results in the group of georgia's proposition that destroyed the research has no moral authority whatsoever to talk about the very sort of them elections well even if the vote told it does confirm a duros victory the newly elected president is going to have trouble maintaining his predecessor's popularity that's an american scholar miguel tinker sallust told us about some of the challenges he's got ahead. i think it tells us that there are real problems in venezuela and that mother will have a very short period in which she has to begin to address these issues or will have to will have a confronting a crisis within his own party and among his own supporters he has to address head on the question of prying the question of inflation the question of infrastructure eliezer real issues that affect real venezuelans and although they felt the pain for a job is a significant number also now begin to criticize and to see them need to actually carry through and implement change i think we're going to see

a continuation of venezuelans foreign policy i think there's a difference between criticizing us and being anti american i think will see a promotion of latin american policy the promotion of a multi-polar world that is the u.s. is not the dominant issue on their agenda they have relations with russia with china with europe with that with latin american countries and will see i think a continuity within that that's been part of the strength promoted by the chinese administration and my little should recall was the foreign minister in charge of chavez's foreign policy so i very much see continuity during this period. we've got more analysis of what the post chivers landscape in venezuela could look like on a website or to go. to in a revision section there you'll find dramatic pictures from the recent protests that along too with plenty of other stories waiting for you on line including five star fundamentalism take a look at how saudi arabia treats jailed al qaida extremists who aspire rather than to sell to the public strange why the government more into public for good

imprisoning terror. the checkered flag come down no one formula one's bahrain grand prix race which just hours before it began the small protests against the elite to vent being hosted in the country in follow days of mass protests leading up to the race by activists angry that it was being used to mask the gulf kingdom's grave human rights abuses rallies for democratic reform have been going on for over two years often turning violent with more than seventy people killed on both sides the crackdown even extends to writing on twitter with the country's most famous human rights activist noble roger behind bars for posting on to government messages of

his bully boy here reports now on he struck. not long before his imprisonment bahrain's most famous human rights campaigner was in london talking to another prominent activist and whistleblower julian a songs so we came here to london's ecuadorian embassy which the wiki leaks founder has been calling home for some ten months now in order to have a chance about the man at the forefront of bahrain's pro-democracy struggle i began by asking afghans why he was saying keen to invite me over job for an interview on his excuse. r t show. has nine hundred thousand people. has one hundred fifty thousand twitter followers prize predominantly. the population of. sincere arrests of a number of other activists in the brain in spring two thousand. job. trying to present to the brain so that right was the most prominent voice for the

brains brain speaking to julian assange over job was unequivocal about his determination to fight for democracy in bahrain if you have a goal and if you believed you did just still fuel. you with your. difficulties and you know that the changes that you were fighting for it's been good four hundred years is not an easy thing to change. those changes you have to be willing to pay a price and my that price might be your life for to be over a job that christ has become is freedom three months after that interview was that he was sentenced to three years behind bars but according to a staunch keeping him in prison on the current charges is going to be increasingly difficult for the bahraini government it's

a cartoonish form of despotism he did not resign to the same standard of criticizing your authority it's hard for the people with that much courage. you can't be cowed so i think it's long term prospects are quite good amnesty international have labeled him a prisoner of conscience but unless the international community wakes up to abuses in bahrain there's little hope that maybe over jobs going to be tasting freedom anytime soon what you see london's ecuadorian embassy. israeli police are being accused of using a handcuffed palestinian teenager as a human shield it's after a video emerged depicting how they paraded the youth to an angry crowd supposedly in the attempt to calm down the protesters middle east correspondent paula slit with the story for you. on friday israeli police paraded this handcuffed

palestinian the youth during protests that were taking place in the palestinian neighborhood of abu dis which is on the outskirts of east jerusalem human rights groups have accused the army of using the child as a human shield defense for children international palestine has posted a video on you tube that shows helmeted israeli border policeman removing this young palestinian who is identified as mohammed os seven team from the armored jeep and forcing him to stand both sides them with hand cuffed hands raised above his head human rights groups have released a statement saying that they're outraged that israeli soldiers continue to use palestinian children in this way as human shields with impunity the claim is that the teen was deliberately exposed to danger after he had been taken into custody and israeli army spokesperson however has said that the move was to calm the violence especially after four hundred palestinian protesters attacked an israeli border police vehicle for almost four hours earlier this week palestinians mock the

annual palestinian prisoners day and this was possible palestinian national council back in one nine hundred seventy four as a means of consolidating efforts to support palestinian prisoners who are currently being held in israeli jails on wednesday about three thousand palestinian prisoners refuse they food this is in solidarity with the event at the same time activists told fifty metres of a prison fence that off the prison which is on the outskirts of ramallah in the west bank where they mounted a palestinian flag and this forced the i.d.f. as well as israeli border police to use why it control measures to disperse the group also in gaza hundreds of people marched from gaza city to the offices of the international committee of the red cross the palestinian authority has sent and urgent matter to the european union foreign policy chief catherine ashton calling for a prompt intervention to save the life of prisoners in israeli. gels who are currently conducting a hunger strike the most notable among them is

a prisoner some near our is sol we who has been striking for some three hundred days there are four thousand nine hundred palestinians who are currently held in israeli jails hundred sixty eight of them under administrators detention without charge or trial and also half of the prisoners in guantanamo bay are now on hunger strike according to the u.s. military that number is risen by twenty five reaching seventy seven in the space of a few days the sharp increase came shortly after clashes erupted between detainees and guards who falsely inmates in the installation cells in an apparent attempt to break the strike fissions at the camp of also acknowledge that seventeen hunger strikers are being force fed five are in hospital in addition to detainees of attempting to commit suicide by hanging themselves when asked by a r t about the situation in guantanamo state department representative stuck to the official line that president obama remains committed to closing the facility but there's no real sign of any real steps towards doing that prisoners being

driven to desperation says former guantanamo detainee was a beg. there has to be a will and i don't think that the will exists certainly if you've still got people in guantanamo eleven years since the invasion of afghanistan and there's no practical will to send them these individuals to places where they're supposed to have a basic normal life and i don't know where the will is going to come when still problems that were instituted at the time of bush have not been cleared at the time of the hunger strike is a. is an action of desperation they had an old very well in one tunnel that the only way you can get your rights is by taking extreme measures the abuse says that the religious abuses are still taking place the prisons are still complaining about those things through the lawyers and even one of them has just recently written something through his lawyer in the in one the american papers and when he talks about that you people are slowly killing us without establishing any evidence against us at all. coming up greece could get a quick

a shell to the crippled economy but as we reported a bit late to the prospects of the arrival of bailout really this is a little effect on employment as more firms are having to turn off the lights would go a lot more to just a couple of minutes. we are focusing on the problem. because no one thought to think school. minutes when you park. your local what's not going up is a while in the local needs you might want to community l.n.g. motion will be used. to give job done for parties i was fights about i must fight. fight. fight

right. again iraqis across the ballots in the country's first vote since u.s. combat troops pulled out last year saturday's provincial election was marred by violence with bombs and mortar shells exploding in polling stations injuring dozens the election also took place against

a backdrop of anti government protests raging in sunni dominated provinces where voting was postponed legibly because the security concerns the new local authorities will have to cope with a country that's deeply divided than along religious and ethnic lines and in the grip of fierce competition for its rich oil reserves to see caffein off as more. they call them those who face death peshmerga gone once guerrilla rebels fighting saddam for an independent kurdistan now an officially sanctioned force in iraq's semi autonomous kurdish region the peshmerga and the iraqi troops are supposed to be on the same side after all they're citizens of one country but for more than a year now here in northern iraq the two armies have been pitted against each other their weapons locked and loaded these peshmerga soldiers are on alert twenty four hours a day they're guarding the kurdish front line of the so-called disputed territory now no iraqi soldiers are allowed beyond this point if either army advances if

there's even a single misfire it could spark a new war we have enough forces in place and enough firepower for the peshmerga to defend against any surprises if for attacks of course we will retaliate at the heart of the disputed territory is cure kook which both baghdad and the kurds say belongs to them. it's like a small version of iraq with sunni shia christians arabs and kurds it's disputed because all the sexy but of course the other reason is kooks oil. the oil fires illustrate the main reason that this land is so. hotly contested here kook a sitting on an estimated ten billion barrels of oil and is responsible for a large chunk of iraq's current output that's enough to sustain an independent state should the kurds get their way and annex this disputed territory it's also enough to bankrupt iraq if the oil revenue is lost. that revenue makes up ninety

five percent of iraq's annual budget of more than one hundred billion dollars and there's a lot more money at stake the international energy agency says iraq could export a staggering five trillion dollars worth of oil over the next two decades the kurds and the central government are supposed to share these profits but they haven't been able to sort out how or oil has transformed kurdistan into a boom town in the capital overbill construction projects dot the landscape there are luxury malls and foreign investors are flocking here the region looks and feels like a different country and for the kurds that may be the ultimate goal but for now this is one iraq divided into two. r.t. reporting from the disputed territories in iraq over the world news headlines this early monday morning here moscow the number of deaths in the latest massive earthquake china's sichuan province has now reached two hundred seven with over eleven thousand more injured the rescue operations being hampered by traffic

gridlock and aftershocks from saturday six point six magnitude quake the disaster that struck the same region in two thousand and eight claimed nearly seventy thousand lives. students have joined thousands of demonstrators in new delhi venting their fury at the authorities responses to the rape and torture of a five year old girl the students have a sit in protest near india gate where police and put up barricades it's several arrests have been made reports of violence against women have risen since the brutal gang rape of a student on a bus last december cause an outpouring of anger and numerous anti-government rallies. greece could receive a transfer of three point two billion euros. so much rescue aid package earlier than expected the money's part of a near nine billion euro bailout deal which athens agreed to this international lenders this week the cost to greece is that it has to slash over four thousand public sector jobs before the year ends even as lending troika pumps more money into athens the country's industrial backbone though is on the slide as top

barton's been finding out. cobwebs outside rain falls on the still and silent pits attackers plastic piping factory confess lawmaking northern greece inside the machines have been unused since banks stopped investing and the owner the oldest puts attackers fled in two thousand and ten one of his workers also b. or course did meet the i'm just one softer that he and ninety five other staff are owed seven million euro in wages got after a short talk i had to force myself to leave so i wouldn't hurt him workers see that they are being made to bear the cost of greece's economic woes this is that the story. and of course the. pain is. very unequal across industrial northern greece the story is repeated this fertilizer factory used to be

a center of northern greek industry nowadays though by economics fair or foul it's a ghost factory and the only fertilizer coming in here is imported from elsewhere in europe it produced specialised fertilizers until one day the workers were called together and told by the owners that the know how for their products had been sold off and that operations would be stopped they are all the it's criminal very profitable industry was shut down an industry that produced high quality material and we will the human workers now see the cruel irony that since the factories closing fertilizer prices have tripled but it's a wider fear that one skilled workforce is a laid off it's all too hard to bring them back. in the path of those who have this the unemployment rate here is thirty percent or by the years and it could be over thirty eight with no fission policy the situation is out of control yes he said he them other workers across northern greece are desperate desperate to keep their

jobs to get back into jobs and to be paid for their work to martin r.t. . in the u.s. cyber security bill allowing corporations to share customers personal data with the government's been passed by the house of representatives it's despite a veto threat from the white house the plans are supposedly in the tackling cyber terrorism but is andrew blake reports next it's raising deep privacy concerns as well. aides for the white house actually said that we will recommend the president veto this legislation to sever intelligence and for sharing of protection act it's come under a lot of criticism by its opponents because they say that it does more than what the authors say it does now the authors of cispa they say that this bill will lead to businesses private companies google facebook and many internet provider these companies will be encouraged to share information with the federal government that will be used to track down and monitor and curb cyber attacks aimed at the united

states computer critics say that it puts too much of americans privacy at risk and that the right safeguards aren't there so in turn people would be sacrificing their privacy for a little bit of security when the bill is introduced back in february i believe one of the areas for the second time representative or one of the authors of the bill he said you know we can't have another nine eleven we can't have another terrorist attack it but if we do we will pass any law that needs to happen sure enough to another congressman he actually got up and said well look what happened in boston these were bombs sure they weren't digital bombs but the next ones will be digital bombs so we need to come together for the sake of national security and do something and that's exactly why a lot of people have problems with this bill because the people who are touting it the people who are writing it are people that don't really understand the cyber security concerns and there's a lot of concern over who is coming up with this bill who is supporting it saying that you know boston would be reason enough to pass a cyber security bill is laughable to many people. is going to teach you can take

a look at some of the previous seed measures already adopted by the u.s. government in the name of national security. terrorists don't have policies they just have sick minds but spawns to their heinous acts governments adopt policies nine eleven was followed not just by two long wars but also by a series of changes in the us laws are sharing in an era where words liberty privacy due process have adopted many many footnotes the patriot act which gave sweeping powers to the government was branded in such a way as to say as a patriot you have to give up certain rights that had been previously guaranteed by the law among many provisions in the act it introduced roving wiretaps where you can be caught. in a phone sweep without a specific warrant the so-called library profession where the state can monitor your reading habits if any you have no connection to terrorism and national security letters a tool used instead of warrants whereby the f.b.i. can spy on you when the service provider has to share your private information

can't tell you about it provisions that require banks to report your financial activities to federal agents well civil rights advocates say the public sentiment the familiar argument i have nothing to hide so we shouldn't concern me over the years it has contributed to the erosion of rights many of the patriot act provisions have been passed and repassed over and over again and they still stand and then the new national defense authorization act contains a provision which allows for indefinite detention without due process at the discretion of the president the statute has temporal or geographic limitations and can be used by future presidents to militarily detain people captured far from any battlefield experts say with laws like this once they're adopted they're very difficult to reverse as far as u.s. actions overseas part of the nation's response to terror policies like torture or drone strikes which target terrorist suspects but also kill civilians overseas terrorism draws strength from the adoption of extra legal violence as

a counter measure but it's yet unclear how much security people draw from giving up their rights in washington i'm going to check on. what we can. find those from the . global money so after the break. ok going. pro no way things are going republican. better off in the state of. texas has got its own like. has got all the hall and gas and everything it needs it's got all that and. everything it needs it can survive but the rest united states what can you say to. them not survive without reminding.

striving for bread and an independent future. republican texas analyse. choose your language. we can we know if. someone. chooses to use the consensus you can. choose to opinions that you think great to. choose the stories that impact your life choose access to office. thank.

goodness for that international airport in the very heart of moscow. our team is sitting down with russia's former finance minister alexei kudrin thank you very much for joining us today now my first question is the peak of the crisis in cyprus seems to be over and it certainly underscored

a huge number of problems in the european union from the instability in the euro zone to the sort of tough approach that we've seen the regulators take when it comes to trying to solve financial crisis there did you for you this crisis was it unexpected. it was the severity of the crisis that was unexpected i mean i had assumed the banks may have trouble getting capitalized but as you know these problems started once the greek debt was written off and cypriot banks suffered more from that than anyone else i had assumed that in such an event the european union should be expected to assist cyprus with everything it could do in order to mitigate the fallout from writing down the greek debt after all the write down was a collective decision taken by the e.u. but it did come as something of a surprise when the e.u. declined to bail out cyprus to the extent that it had earlier rescued greece i believe this course of action was not entirely consistent and that is why i said that the european union was fully responsible for the state of the cypriot banking

system considering that cyprus is part of the union and of the eurozone i've also argued that there might be a spillover effect from cyprus to the banking systems of e.u. neighbor states i don't believe the crisis is over but far from that it's presently at its peak and we don't know where it will eventually get us its outcome may prove to be better than expected or it could be worse cyprus has not yet allowed depositors to withdraw their money from cypriot banks especially from the biggest ones such as the bank of cyprus so far there is no way of telling what those depositors and investors will do will they all decide to pull out their money and walk or will some of them choose to stay so the outcome is so far on clear so if it happens to be worse than everyone is expecting it will draw. magically the situation for europe southern economies you know their words we cannot be certain that the crisis will not spill over onto other countries but now there's a debate going on in terms of which countries are going to be next to be hit

luxembourg spain italy what's your projection was that. it is difficult for me to say slovenia maybe having it hardest at the moment but at least a crisis there would be relatively easy to contain some other countries it would be far harder to deal with that is why everybody is more concerned about portugal spain and italy these economies are presently in a tight spot they're also getting more support than others because the european central bank is committing the bulk of its resources to bailing out these three countries however this support may prove to be ill timed or coma at a high cost if we can say that economies are both great and small are still facing risks do you think it's appropriate to talk about a certain hypocrisy when it comes to the european union considering they're fighting off shores right now yet have territories such as cyprus and british virgin islands.